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SC upholds law on office of profit
The Supreme Court today upheld an amendment exempting some posts from the purview of the office of profit law that was enacted three years ago in the midst of a controversy in the aftermath of the disqualification of Samajwadi Party MP Jaya Bachchan.

Cotton exports may rise to 1.4 MT, says global body
India’s cotton exports are likely to rebound to 1.4 million tonnes in 2009-10 (October-September) at the cost of exports from the US, which are forecast to fall 20 per cent to 2.3 million tonne on year, according to International Cotton Advisory Committee (ICAC).

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Societe Generale to devise new strategy for insurance sector
Undeterred by the premature end to its life insurance joint venture with Indiabulls Financial Services Ltd, French banking giant Societe Generale is still buoyant on the opportunities in the sector and plans to develop a fresh strategy.
International Business

JLR recalls 40 Land Rover vehicles in India

Tata group owned Jaguar Land Rover (JLR) today said it is recalling 40 Land Rover vehicles from India to fix a technical fault as part of an ongoing global process that started in July. - Ford"s Chennai plant to cater to APAC, Africa markets - Doshis" Premier Auto to roll out cheapest SUV - Govt refuses to impose safeguard duty on auto components - Hero Honda paid directors Rs 78 crore last fiscal - BSA Motors unveils 5 models of electric scooters - Boom in vehicles" sales in Ahmedabad The company is globally recalling all the vehicles of two diesel models — Discovery 3 and Range Rover Sport TDV6 — which were manufactured between November 2005 and April 2007. "We have 40 such vehicles in India, which are being recalled and fixed. The information for recalling the two models was posted during the end of July," JLR spokesperson Paul Chadderton told PTI from Warwickshire in the UK. The company is recalling the vehicles as these had some safety concerns related to braking system, he added. "Our investigations had identified that oil may migrate into vacuum brake booster from the pump. So, we are fixing these and returning to the customers," Chadderton said. This the second time in this year that JLR is recalling its products from the global markets. Earlier in August, it had recalled certain Jaguar XJ models from some international markets to rectify issues related to brake pipes but the Indian market was not affected. Tata Motors had acquired JLR from US auto maker Ford Motor for $2.3 billion last year. JLR yesterday announced arranging finances of 500 million pound (over Rs 3,700 crore) from various financial institutions in this year as part of effort to overcome sales slump pushing it into heavy losses.


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